Research on the Motives of the Qualification Problem of Assets Valuation Industry in China——Study Based on Questionnaire and Factor Analysis

The assets valuation industry in China is the product, which comes from the reform and open policy and the development of the socialist market economy. Under more than 20 years of development which begins to bud in the beginning of the nineteen nineties, the assets valuation industry has become the indispensable Intermediary trade of the socialist market economy system in China. With the scale of assets valuation agency enlarging and its rapidly growing business in recent years, however, some problems have been exposed gradually, which harm the social image of the industry of asset valuation seriously. So the social public and the relevant administrative departments pay close attention on the quality of the asset valuation. To know about what are the essential causes that affect the assets valuation industry managers＇ decision, this paper, through using some means which include literature research, interview and questionnaire investigation and utilizing the method of the factor analysis, relegates 24 questions which come from some answers of the respondents to three factors which are the practicing quality factor, the sting factor of an organization and the internal management factor of valuation organization. Furthermore, it will analyze the features of these factors which are divided into two factors that are internal motivation and external motivation, looking for the key cause of the assets valuation industry quality problem of China which purposes in order to promote the healthy development of valuation profession and much better standard the internal quality of valuation industry of China.

A Quantitative Estimate of the Dominant Position of Public Ownership in China and Trends in Its Development

By setting the value of productive assets under different types of ownership of the means of production as the marginal criterion for measuring the relative position of each form of ownership, we estimate the scale of public and non-public sector assets in primary industry in China and changes in their relative proportions. Further, on the basis of previous estimates, we provide an extended estimate of the scale of public and non-public sector assets in secondary and tertiary industry and changes in their relative proportions. We found that in 2012, total productive assets in primary, secondary and tertiary industry were 487.53 trillion RMB, of which the public sector accounted for 53 percent, or 258.39 trillion RMB. In secondary and tertiary industry, the non-public sector contributed 67.59 percent and 75.20 percent respectively in terms of value- added and employment. This indicates the vitality of China＇s basic socialist economic system, in which public sector assets retain a dominant position and the non-public sector makes the primary economic contribution, and thus provides a theoretical justification for ownership reform in the primary stage of socialism in China and the ＂two unswervinglies＂ policy.